ES Journal Archive (2009 - 2010)

[NoDoji]

Quote from Blotto:

She said something along the lines of "probably a short signal" - even though she wasn't trading it.

That's just a long-running joke with me, that 90% of the time I leave my office the market makes a fast move down without me.

Quote from Blotto:

There was very little chance the market would sell down from there, so any short position is likely to lose money - the reasons for this need to be understood - and then another piece of the puzzle falls into place.

I know well why the market would not likely sell off at that point. If anything at the point in time I left my desk, I expected a retest of the high in the hopes of a break through that 20-bar MA on the daily chart (around 1190) , because the massive volume on the selloff meant to me that those who really wanted out badly were washed out and the dip buyers were lined up with their chips in hand.

 

[rock34748]

Quote from ammo:
sh 4 @95,91.87.81 and 78 bid,offer 4@ 2005

where r u? I hope u got the 78, or near to. If not, always more points to be had.

 

[ammo]

reduce this to a daily and the line is 1222 as of today

 

[volente_00]

Quote from Blotto:

She said something along the lines of "probably a short signal"

Why do you continue to put words in other people's mouth ?

Quote from NoDoji:

I have a short bias, what can I say. When price failed to break through the 20-bar MA on my 3 month daily chart and then failed again and sold off a lower high, I took it as a short signal.

Then later when price spent 45 minutes moving all the way back up, failed again (double top) and left a lower high, I took that as a short signal. I thought, "Cool, we're trading in a predictable range before the FOMC," and I was initially targeting 1183 zone for support again. As luck would have it price tanked hard, I saw the Spain downgrade, then I lowered my target to near the LOD. Then it bounced pretty good at the 1183 zone and I thought I was gonna be Greeked again (OK, Spained) and was just about to bail so I could get something out of the trade, and sellers piled right back in. Retrace of the entire 45 min move up in about 15 mins.

And that's why I have a short bias.

She said she is short bias. Not this is a short signal. If you read any of her other posts you would know she mostly trades with a short bias due to the fact that markets fall faster than they rise.
And the market did print 84's after your call. What is more amusing is those 84's printed after you posted that long at 89.75 trade of yours, which you ended up deleting from the thread for some odd reason.

Quote from Blotto:

I had every clue what the market would do after the news. I even posted again in advance of the event. I did not hold positions through the announcement

Knowing means nothing in trading if you lack the balls to put your money where your mouth is instead of trying to tell others what they should not be doing.


I still stand by my original statement

Quote from volente_00:

You had no clue how the market would react to the news. Any position ahead of the announcement was strictly a low probability trade with high risk.

 

[emg]

Good Morning Traders!

 

[emg]

Plan on going short 1197.50

 

[emg]

Quote from emg:

Plan on going short 1197.50

no filled yet

 

[lurefo]

Quote from Blotto:

...for all to see the market did not give any shorts a chance for profit - instead it went up five points.

Absolutely not. Right before fomc, at 2:15pm - price was trading 87.75. It ended up travelling pretty much the same distance above (+4.25) and below(-3.5) that price. The cash actually closed around the same level (+0.75)!

So contrary to what you stated above, from a daytrader's perspective, everyone can see that shorts and longs were roughly given the same chance so to speak. So much for your precious expertise.

Quote from Blotto:

As I knew this was not the correct location to short the market from I indicated so.

Quote from Blotto:

I had every clue what the market would do after the news.

Anyone who spent a little time trading the markets knows there is no such thing as knowing what the market will do. It's all about probabilities.

Quote from Blotto:

Interestingly NoDoji isn't telling me to shut up.

Chances are she is just too polite to tell you that.

Quote from Blotto:


I have had some free time this week, but I'm giving up trying to make water run uphill.

So you're going to leave us all in the dark, just like that?

Like many others on this board, you probably have something of interest to share here but in case you didn't notice, you come off as patronizing others which makes it unpleasant to read.

 

[HuggieBear]

SH 1196.75

 

[emg]

Quote from emg:

Plan on going short 1197.50

no filled. cancel order